Rocket Companies to Issue $1.2B Senior Notes Maturing in 2031 and 2034
RKT•Rocket Companies plans to issue $600 million of senior notes due 2031 and $600 million of senior notes due 2034. Proceeds will repay its 2.875% senior notes maturing in 2026 and retire other outstanding indebtedness.
1. Offering Structure
Rocket Companies intends to sell $600 million of senior notes due 2031 and $600 million of senior notes due 2034 in a private offering exempt from Securities Act registration. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by each of the company’s direct and indirect domestic subsidiaries.
2. Use of Proceeds
Net proceeds from the note sales will be applied to repay Rocket Mortgage, LLC’s outstanding 2.875% senior notes due 2026 and to retire certain other indebtedness of the company and its subsidiaries, effectively extending the debt maturity profile.
3. Investor Eligibility and Restrictions
The notes are being offered exclusively to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S, and will not be registered under the Securities Act or state securities laws, restricting sales to eligible parties only.
